Following the Energy Money Trail: Past, Present, and Future

Houston, Texas

October 25, 2012

At this complimentary event presented by Berkeley Research Group and the Tulane University Energy Institute, a distinguished panel addressed the many changes that have occurred in the energy industry, from technological advancements and their impact on oil and gas supplies to the emergence of market forces such as China and India. The panel discussed the current state of the industry and shared insights on the future of supply, demand, and pricing and how it will drive transactions domestically and abroad.


Philip Carroll

Mr. Carroll was appointed by the U.S. Department of Defense to serve as the first senior advisor to the Iraqi Ministry of Oil in early 2003; he served in Iraq from April through September of that year. He is the former chairman and CEO of Fluor Corporation and former president and CEO of Shell Oil Company. Mr. Carroll worked at Fluor, based in Aliso Viejo, California, from 1998 until his retirement in 2002. Before joining Fluor, Mr. Carroll served 37 years with Shell, headquartered in Houston. He joined Shell as a petroleum engineer and held positions in every major division during his career. He was elected president and CEO of Shell in 1993 and retired in 1998.Mr. Carroll is active in a variety of professional and civic organizations and serves on the boards of Vulcan Materials Company and the Texas Medical Center. He is a member of the board of the American Air Museum in Britain and the National Petroleum Council, and an honorary life member of the American Petroleum Institute. Mr. Carroll earned a bachelor’s degree in physics from Loyola University in New Orleans and a master’s degree in physics from Tulane University.

Michael J. Economides, Ph.D.

Dr. Economides is among America’s leading energy analysts. In 1999, he warned that oil prices, then at $11 a barrel, would surge. and the price was over $30 within about a year. A consultant, educator, and Ph.D. petroleum engineer, Dr. Economides has done technical and managerial work in more than 70 countries. He is editor-in-chief of the Energy Tribune and a professor at the Cullen College of Engineering, University of Houston. He has written or co-written about 200 articles and peer-reviewed papers and 11 textbooks. He also coauthored, with Ron Oligney, the industry primerThe Color of Oil: The History, the Money and the Politics of the World’s Biggest Business, which has been translated into five languages since its publication 2000. He and coauthor Andres Calan recently released America’s Blind Spot: Chávez, Oil and U.S. Security, which examines the failure of America’s energy security.

Bobby Tudor

Mr. Tudor serves as the chairman and CEO of energy investment and merchant banking firm Tudor, Pickering, Holt & Co., LLC. He was a partner with Goldman Sachs & Co. before founding Tudor Capital. During his nearly 20-year career with Goldman Sachs, Mr. Tudor worked in the New York, London, and Houston offices in capacities including head of its southwest region and European industrial and natural resources group. Mr. Tudor holds a B.A. in English and legal studies from Rice University and a J.D. from Tulane Law School.

David J. Teece, Ph.D. (Moderator)

Dr. Teece is chairman and principal executive officer of BRG. He is a renowned economist and authority on matters of industrial organization, technological change, and innovation, particularly as it relates to antitrust and competition policy and intellectual property. He is the Thomas W. Tusher Professor in Global Business at the Haas School of Business at the University of California, Berkeley, author of more than 200 books and articles, and coeditor of Industrial & Corporate Change (Oxford University Press). According to Science Watch (November/December 2005), he is the lead author on the most-cited article in economics and business worldwide from 1995 to 2005. He is also one of the top-10 cited scholars for the decade and has been recognized by Accenture as one of the world’s top 50 business intellectuals.


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David J. Teece

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